Insurance refers to a contract or a 'policy', as it is often
called, under which an insurer provides financial protection
against losses for a person, business or an organization in
exchange for a regular payment of an amount, called 'premium'.
The United Kingdom law mandates some types of insurance while
others are purely optional. This concept in fact has become an
important part of the life of UK citizens, offering valuable
protection against potential losses and in turn invaluable peace
of ...
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